{"id":593665,"date":"2019-10-07T04:00:22","date_gmt":"2019-10-07T04:00:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/"},"modified":"2019-10-07T04:00:22","modified_gmt":"2019-10-07T04:00:22","slug":"galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/","title":{"rendered":"Galina-Agrofreeze starts process of launching two subsidiaries on EGX"},"content":{"rendered":"<p><b>IPO WATCH: Galina-Agrofreeze approaches Pharos, EFG to list two of its subsidiaries on the EGX:<\/b> Galina-Agrofreeze Fruits & Vegetables has approached investment banks, including Pharos Holdings and EFG Hermes, to manage the planned listing of two of its subsidiaries on the EGX, Chairman Abdel Wahed Soliman <a href=\"https:\/\/almalnews.com\/%D8%AC%D8%A7%D9%84%D9%8A%D9%86%D8%A7-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%AA%D8%AE%D8%A7%D8%B7%D8%A8-%D8%A8%D9%86%D9%88%D9%83-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%84\/\">tells Al Mal<\/a>. Galina has yet to determine the size and values of the listings, which the company will decide with the investment bank it taps to quarterback the transaction.<\/p>\n<p><b>The IPO has been in the making for a year:<\/b> Galina Company for Vegetables and Frozen Fruits will be listed first, followed by Galina for the Production of Fruit and Tomato Concentrates. Galina has been looking to list in the EGX <a href=\"https:\/\/enterprise.press\/stories\/2018\/08\/06\/galina-agrofreeze-looks-towards-egx-listing-as-it-seeks-to-leave-nilex\/\">for the past year<\/a>when it planned to delist from the small- and mid-cap stock exchange (Nilex).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH: Galina-Agrofreeze approaches Pharos, EFG to list two of its subsidiaries on the EGX: Galina-Agrofreeze Fruits &#038; Vegetables has approached investment banks, including Pharos Holdings and EFG Hermes, to manage the planned listing of two of its subsidiaries on the EGX, Chairman Abdel Wahed Soliman tells Al Mal. Galina has yet to determine the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[5196,97,813,84,72,564,4522,78,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593665","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-abdel-wahed-soliman","tag-agriculture","tag-al-ahly-pharos","tag-efg-hermes","tag-enterpriseam","tag-food","tag-galina-agrofreeze","tag-ipo-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b60c3c78-be71-4dff-be7e-b71d62abab39","is_powered_by":true,"section_story_id":"8dffa5bf-ae6d-40fb-a10d-931b9772d5f8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593646],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Galina-Agrofreeze starts process of launching two subsidiaries on EGX - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Galina-Agrofreeze starts process of launching two subsidiaries on EGX\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH: Galina-Agrofreeze approaches Pharos, EFG to list two of its subsidiaries on the EGX: Galina-Agrofreeze Fruits &amp; Vegetables has approached investment banks, including Pharos Holdings and EFG Hermes, to manage the planned listing of two of its subsidiaries on the EGX, Chairman Abdel Wahed Soliman tells Al Mal. Galina has yet to determine the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-07T04:00:22+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Galina-Agrofreeze starts process of launching two subsidiaries on EGX\",\"datePublished\":\"2019-10-07T04:00:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/\"},\"wordCount\":141,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abdel Wahed Soliman\",\"agriculture\",\"Al Ahly Pharos\",\"EFG Hermes\",\"EnterpriseAM\",\"food\",\"Galina-Agrofreeze\",\"IPO watch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/galina-agrofreeze-starts-process-of-launching-two-subsidiaries-on-egx\/\",\"name\":\"Galina-Agrofreeze starts process of launching two subsidiaries on EGX - 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The company secured a EGP 37 mn loan from Bank of Alexandria and the Saudi Investment Bank and will self-finance the remaining EGP 50 mn, he said.\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599196,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/galina-agrofreeze-proposes-egp-1-2-bn-plan-in-setting-up-retail-franchises\/","url_meta":{"origin":593665,"position":2},"title":"Galina-Agrofreeze proposes EGP 1.2 bn plan in setting up retail franchises","author":"enterpriseam admin","date":"20 June 2019","format":false,"excerpt":"Galina-Agrofreeze Fruits & Vegetables has submitted preliminary studies to the government to propose setting up discount retail outlets across the country, company Chairman Abdel Wahed Soliman said. The proposal would invite partners to own a franchised food store each under the company\u2019s brand. The store will offer low-price merchandise by\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573233,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/26\/galina-to-set-up-egp-120-mn-greenhouse-jv-with-germanys-sun-pharma\/","url_meta":{"origin":593665,"position":3},"title":"Galina to set up EGP 120 mn greenhouse JV with Germany\u2019s Sun Pharma","author":"enterpriseam admin","date":"26 July 2020","format":false,"excerpt":"Agrifood player Galina-Agrofreeze is setting up a greenhouse production JV with Germany\u2019s Sun Pharma called Sun Pharma Egypt, Chairman Abdel Wahed Soliman told Al Mal. The JV\u2019s total investments amount to EGP 120 mn and Galina will own 25% while Sun Pharma will own the rest. Sun Pharma Egypt will\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568813,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/04\/galina-agrofreeze-starts-building-its-fourth-factory-in-egypt-to-cost-egp-115-mn\/","url_meta":{"origin":593665,"position":4},"title":"Galina-Agrofreeze starts building its fourth factory in Egypt, to cost EGP 115 mn","author":"enterpriseam admin","date":"4 February 2020","format":false,"excerpt":"Galina-Agrofreeze has broken ground on its fourth factory in Egypt, which is expected to cost EGP 115 mn and produce 10k tonnes of frozen fruits and vegetables a year, Chairman Abdelwahed Soliman told the press. The company has also recently completed its third factory, and is planning to inaugurate it\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593252,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/21\/galina-agrofreeze-to-set-up-egp-80-mn-fruit-concentrates-factory\/","url_meta":{"origin":593665,"position":5},"title":"Galina-Agrofreeze to set up EGP 80 mn fruit concentrates factory","author":"enterpriseam admin","date":"21 November 2019","format":false,"excerpt":"Galina-Agrofreeze is planning to invest EGP 80 mn in a new factory to produce fruit concentrates, Chairman Abdel Wahed Soliman tells Al Mal. 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